Transcript
  • 00:01    |    
    Initial credits
  • 00:30    |    
    Personal presentation
  • 00:51    |    
    Introduction
    • How much defense spending?
      • Opinion of Hitch and McKean
      • Opinion of President George Bush
    • Comparative military budgets across countries
      • Money allocated to defense
      • Share of GDP allocated to defense
  • 06:19    |    
    US Department of Homeland Security
  • 06:53    |    
    Research objectives
    • Determine the impact of terrorism on national economies
    • Applications: managing financial portfolios
  • 07:59    |    
    Preview
  • 08:18    |    
    Overview of global terrorism
  • Definition of terrorism
  • 09:41    |    
    Overview of global terrorist acts (1968-2002)
    • What are the patterns over the past 35 years?
    • Time series pattern: global incidents
    • Global casualties
    • Casualties per incident
  • 12:54    |    
    Regional patterns: (1968-2002)
    • Share of terrorist incidents
    • Casualties from terrorism
  • 14:35    |    
    Summary
    • What are the patterns over the past 35 years?
    • What are the determinants of terrorism?
  • 16:45    |    
    Impact of terrorism on national economies
    • Evidence used for the analysis
    • Impact on four variables
    • Specification of the regression model
    • Variables used to measure terrorist activity
  • 19:46    |    
    Regression results
    • Incidents per 100K population
    • Casualties per 100K population
  • 20:53    |    
    Plot of regression results
    • Effect of incidents in GDP
    • Effect of incidents in GDP
  • 22:09    |    
    Effect of unanticipated incidents
  • 22:42    |    
    Application of the regression results
    • GDP gains from deterring one incident
    • GDP gains for US
    • GDP loss from increased casualties
  • 26:51    |    
    Analysis of historical data to estimate the impact
  • 28:23    |    
    Caveat: omission of psychological effects on the estimates
  • 29:33    |    
    Use of this analysis
  • 30:01    |    
    Question and answer period
    • Do you think that the American economy is feed by the war industry?
    • Does the best strategy to have a GDP gain consists of preventing incidents rather than preventing casualties?
    • How much is the Defense Department investing in technology and innovation?
      • Opinion of Marc Crain
      • Opinion of Nicole Crain
    • What would be the effect of Defense Expenditure in the main variables?
      • Opinion of Nicole Crain
      • Opinion of Marc Crain
    • Does the Patriot Act affects also individual freedom?
  • 47:44    |    
    Final credits


How to Face the International Terrorism? Economic and Political Impact

New Media  | 22 de marzo de 2006  | Vistas: 13


Conferencista

Nicole Crain is visiting professor of economics and faculty affiliate in…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín